Qualcomm notified customers of double-digit percentage price increases for its smartphone chips. The company cited rising supplier costs and stated it can no longer absorb the additional expenses. These price hikes take effect for all products shipped after September 1.
The broader semiconductor industry currently faces supply chain pressures as investment shifts toward AI infrastructure. This transition has squeezed the traditional smartphone market.
Qualcomm will release its third-quarter earnings report on July 29. Investors are monitoring the announcement for the financial impact of the pricing changes and the company's future outlook.